DOJ drops Goldman criminal investigation

Critics say lack of accountability will lead to more wrongdoing

Goldman Sachs Group Inc. is off the hook.

The U.S. Department of Justice (DOJ) announced yesterday that it will not pursue criminal charges against Goldman or its employees related to accusations that the company bet against the same subprime mortgage securities that it was selling to its clients, which helped spur the national financial crisis. The agency started investigating the company in April 2011.

Ashley Post

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